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Midsummer AB ( (SE:MIDS) ) has shared an announcement.
Midsummer has announced its role in supplying production equipment for a solar plant in Colombia, which is part of Saab’s offset commitment related to the Gripen jet fighter sale. This facility will serve as a production hub for the Latin American market, with an initial order of 15 MW capacity equipment from Saab, gradually expanding to at least 100 MW. This strategic move positions Midsummer to enhance its footprint in the Latin American solar market, potentially increasing its influence and market share in the region.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
More about Midsummer AB
Midsummer is a Swedish solar energy company that develops, manufactures, and sells solar cells to construction, roofing, and solar cell installation companies. It also manufactures, sells, and installs solar roofs directly to end customers. The company specializes in flexible thin-film solar cells using CIGS technology and offers production equipment to strategically selected partners. Midsummer’s proprietary DUO system is a leading manufacturing tool for flexible CIGS solar cells globally. The company’s shares are traded on Nasdaq First North Growth Market.
Average Trading Volume: 688,131
Technical Sentiment Signal: Buy
Current Market Cap: SEK809.7M
For an in-depth examination of MIDS stock, go to TipRanks’ Overview page.